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Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.

Third-party insurance for cars, 2-wheelers to become costlier

The new rates for the fiscal 2019-20 will be applicable from June 16.

6 Jun 2019 7:49 PM IST

A top IRDAI source told Financial Chronicle that the meeting was held in Hyderabad on February 19 and it was attended by 26 chairmen of both life and non-life insurance companies.

Third party premium for cars raised by 12 per cent

The new premiums will take effect from June 16.

6 Jun 2019 12:54 AM IST

Life Insurance companies are expected to report strong first quarter earnings, as the individual new business premium (NBP) growth for them has been over 30 per cent.

Life insurers set to report strong quarter

Policies sold rose 8.4 per cent YoY in June 2019, while the retail APE ticket size fell by 7.7 per cent YoY.

17 July 2019 7:05 AM IST

In 2011, Axis Bank acquired 4 per cent stake in Max Life for an undisclosed value.

No proposal with Irdai for 10 per cent stake sale in Max Life to Axis...

During 2018-19, Max Life recorded gross written premium of Rs 14,575 crore.

9 July 2019 3:38 PM IST

NDRF personnel provide food in a flood-affected area following heavy rain, in Sangli on Sunday. (Photo: PTI)

Expedite claims settlement in flood-affected Kar, MH: Irdai to...

Irdai issued advisory to general insurance and health insurance companies to expedite settlement of claims for the two...

12 Aug 2019 4:51 PM IST

Life Insurance companies are expected to report strong first quarter earnings, as the individual new business premium (NBP) growth for them has been over 30 per cent.

Insurance policies become flexible

Premium table can be extended, list of day care procedures can be expanded and critical Illnesses covered can be added.

25 Sept 2019 1:32 AM IST

Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.

Non-life insurers register 17 pc rise in Aug new premium income at Rs...

The 34 insurers' gross premium collection stood at Rs 13,657.51 crore in the same month a year ago.

22 Sept 2019 4:50 PM IST

A high powered committee has asked insurance regulator to examine the issue of linking premium with traffic violations.

Traffic challans may up your insurance premia

Panel to suggest how to link offences with premiums.

7 Sept 2019 1:30 AM IST

Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern Indias largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc.

IRDAI panel bats for lower capital, liberal norms for floating...

The changes would require amendments to the Insurance Act, 1938 to bring the standalone microinsurance business under...

12 Oct 2020 2:18 PM IST

Banks have recognised DHFL and Cox & Kings as fraud and those that have an exposure to these accounts will have to provide 100 per cent upfront for the exposure.

PSB merger: Insurers told to service all policies

A bank can continue to buy group insurance covers with any number of insurance companies for the insurance needs of its...

29 Jan 2020 1:40 AM IST

Life Insurance companies are expected to report strong first quarter earnings, as the individual new business premium (NBP) growth for them has been over 30 per cent.

Life agents see mass culling

Private insurers appointed 3.82 lakh agents and terminated 3 lakh in FY19.

8 Jan 2020 1:28 AM IST

Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern Indias largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc.

Life insurers can soon offer health insurance policy

IRDAI (Health Insurance) Regulations 2016 allows Life Insurance Companies to offer benefit-based health insurance...

26 Feb 2020 6:56 AM IST